GameStop (GME) has been in a consolidation range since November 2016. Within this range, it has been bullish since late March, when price bounced off the range support around 20.10. Now, with price just under 25.00, GME has arrived in a key resistance area. GameStop (GME) Daily Chart(click to enlarge)Consolidation Range and Resistance:- The daily chart shows the aforementioned consolidation range. Note that the market was bearish entering this range, so we should hold a bearish bias. This basically means respecting resistance more than respecting support.- Also note resistance in the form of the 200-day simple moving average (SMA).- Maybe price can cross above the 200-day SMA, but it would still be bearish-neutral unless price breaks above 27.00. - So, as price approaches 26, we should be alert for lower highs in price and/or the RSI. Once we spot this, we can anticipate a bearish push back towards the 20.10 low. - A break above 27.00 on the other hand would open up a bullish reversal scenario off of a completed double bottom, which we can see more clearly on the weekly chart.GameStop (GME) Weekly Chart(click to enlarge)